## The ideas that I trade by:

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

Captain Pugwash
rank: 150+ posts
Posts: 459
Joined: Wed Sep 14, 2011 7:59 am
Reputation: 112
Location: Insanitary Industries
Gender:
aliassmith wrote:
MightyOne wrote:How do you reach unrealistic profit targets?

Hit a target, get out, reset space, move on to the next.

By 'target' I simply mean the point at which I reset my space; it is not just one trade that is held to a target.

It is easier than it looks

# of targets to +1 Zero:
33.4%: 08
58.5%: 05
115.5%: 03

Example:
3 Targets of +115.5%

\$2000 - \$4310
\$4310 - \$9288
\$9288 - \$20015

Did you pick 8,5,3 for a specific reason?

Its a fibonacci sequence - but I am also lost
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

aliassmith
rank: 1000+ posts
Posts: 1755
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 231
Gender:
Captain Pugwash wrote:
aliassmith wrote:
MightyOne wrote:How do you reach unrealistic profit targets?

Hit a target, get out, reset space, move on to the next.

By 'target' I simply mean the point at which I reset my space; it is not just one trade that is held to a target.

It is easier than it looks

# of targets to +1 Zero:
33.4%: 08
58.5%: 05
115.5%: 03

Example:
3 Targets of +115.5%

\$2000 - \$4310
\$4310 - \$9288
\$9288 - \$20015

Did you pick 8,5,3 for a specific reason?

Its a fibonacci sequence - but I am also lost

i noticed that after i posted.
i understand it perfectly, but wonder if there is a reason for that choice

MightyOne
rank: 5000+ posts
Posts: 6054
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 15
Gender:
You are right, the # of targets to add 1 zero to an account is based on Fibonacci.
Upon completion of a series of targets 87.5% of the account is withdrawn
(or you can stack zeros until you reach your happy place)
as it is not possible to keep stacking zeros forever.

19.4%: 13
33.4%: 08
58.5%: 05
115.5%: 03

The number of 'max.' & 'half max' size pips
(assuming 50:1 and \$1 pips)
to reach targets are:

19.4%: 39-78
33.4%: 67-134
58.5%: 117-234
115.5%: 231-462

These #'s are just to give you an idea of how long you will spend working on each target.

ANYONE can nail 13 targets in 12 months.

Captain Pugwash
rank: 150+ posts
Posts: 459
Joined: Wed Sep 14, 2011 7:59 am
Reputation: 112
Location: Insanitary Industries
Gender:
aliassmith wrote:
Captain Pugwash wrote:
aliassmith wrote:
MightyOne wrote:How do you reach unrealistic profit targets?

Hit a target, get out, reset space, move on to the next.

By 'target' I simply mean the point at which I reset my space; it is not just one trade that is held to a target.

It is easier than it looks

# of targets to +1 Zero:
33.4%: 08
58.5%: 05
115.5%: 03

Example:
3 Targets of +115.5%

\$2000 - \$4310
\$4310 - \$9288
\$9288 - \$20015

Did you pick 8,5,3 for a specific reason?

Its a fibonacci sequence - but I am also lost

i noticed that after i posted.
i understand it perfectly, but wonder if there is a reason for that choice

Sorry Aliassmith - deduct the word "also" from me post

I didn't understand it at all - but now i have something to work on
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

MightyOne
rank: 5000+ posts
Posts: 6054
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 15
Gender:
aliassmith wrote:
Captain Pugwash wrote:
aliassmith wrote:
MightyOne wrote:How do you reach unrealistic profit targets?

Hit a target, get out, reset space, move on to the next.

By 'target' I simply mean the point at which I reset my space; it is not just one trade that is held to a target.

It is easier than it looks

# of targets to +1 Zero:
33.4%: 08
58.5%: 05
115.5%: 03

Example:
3 Targets of +115.5%

\$2000 - \$4310
\$4310 - \$9288
\$9288 - \$20015

Did you pick 8,5,3 for a specific reason?

Its a fibonacci sequence - but I am also lost

i noticed that after i posted.
i understand it perfectly, but wonder if there is a reason for that choice

I noticed a trend in my target selection and just went with it

aliassmith
rank: 1000+ posts
Posts: 1755
Joined: Tue Jul 28, 2009 9:50 pm
Reputation: 231
Gender:
Captain Pugwash wrote:
aliassmith wrote:
Captain Pugwash wrote:
aliassmith wrote:
MightyOne wrote:How do you reach unrealistic profit targets?

Hit a target, get out, reset space, move on to the next.

By 'target' I simply mean the point at which I reset my space; it is not just one trade that is held to a target.

It is easier than it looks

# of targets to +1 Zero:
33.4%: 08
58.5%: 05
115.5%: 03

Example:
3 Targets of +115.5%

\$2000 - \$4310
\$4310 - \$9288
\$9288 - \$20015

Did you pick 8,5,3 for a specific reason?

Its a fibonacci sequence - but I am also lost

i noticed that after i posted.
i understand it perfectly, but wonder if there is a reason for that choice

Sorry Aliassmith - deduct the word "also" from me post

I didn't understand it at all - but now i have something to work on

MO language

+1 zero is 10x your account

33.4% is target based on current account size

08 is the number of cycles per year needed to hit the target

MightyOne
rank: 5000+ posts
Posts: 6054
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 15
Gender:
Price isn't going up unless it is closing above 'something'.

The further back your 'something' the larger the time frame that you are trading.

In my haste I mismarked the chart.

It should read 'higher lows + wickdoll' & 'lower highs + wickdoll'

I don't know where my mind is

MightyOne
rank: 5000+ posts
Posts: 6054
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 15
Gender:

MightyOne
rank: 5000+ posts
Posts: 6054
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 15
Gender:

prochargedmopar
rank: 5000+ posts
Posts: 6026
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 472
Location: Granbury, TX
Gender:
Contact:
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!